Resources On-Demand

Overview This module provides a  introduction to digital currencies, you will gain understanding of tax implications of buying,selling and holding digital currencies.Crypto assets are sure to shape the future of how we transact. SARS has take n a keen interest in enforcing compliance with taxation on crypto assets. Tax practitioners have no choice but to understand crypto assets and the taxation issues thereof. Short course content (self-paced)  What is a crypto asset? Why is cryptocurrency not a currency? What are SARS's views on crypto assets? What are the different income sources of crypto assets? How to deal with the crypto asset question in the context of income vs capital gain. When does a taxable event occur? Dealing with trading stock valuation. Ring-fencing of assessed losses. How to value crypto currency for calculations. What is the VAT consequences of dealing with crypto assets? How to complete crypto assets revenue and or capital gains/losses on the ITR12. Competencies developed in this short course (self-paced)

Overview Cryptocurrencies have entered the mainstream in the past few years, attracting the attention of the South African Revenue Service (SARS). SARS actively started to audit cryptocurrency investors, demanding proof of transactions from variou s crypto investment platforms. The tax implications of cryptocurrency trading and investing remains a contentious issue, in part due to the complexity around crypto-related transactions, including: Hard forks (where one cryptocurrency splits into two separate ones). Airdrops (where a new cryptocurrency is sent to owners of an existing cryptocurrency). Staked rewards (where a cryptocurrency earns you a type of interest). Crypto bartering. Mining and VAT considerations. It is essential for tax professionals to stay updated with the latest developments and the complexity around crypto-related transactions. Video content In this video, we cover the following: Fundamentals of crypto tax. The income vs capital gain question for crypto-asset transactions. Mining and staking taxation. International tax authority trends and the first court cases. Completion of tax returns for transactions of cryptocurrencies. Are gains capital or revenue in nature? Section 9C and the three-year rule. Practical issues with tracking gains and possible solutions. Crypto airdrops. Crypto bartering. VAT considerations. Competencies developed in this Updated on the fundamentals of crypto tax. Competent to assess income vs capital gain for crypto asset transactions. Able to inform clients of the taxation on mining and staking crypto transactions. Updated on important international tax authority trends regarding crypto taxation and the first court cases. Able to assess practical crypto tax scenarios.

Overview This module will unpack the pertinent estate planning considerations to ensure adequate planning for crypto assets, including crypto currencies, non-fungible tokens (NFTs), Kitties and several other forms of crypto assets. The webina r will also provide guidance and considerations for drafting the last will or testament. Short course content (self-paced)  How to deal with the crypto assets, not knowing the nature of the assets to be held on the date of death. May the executor gain or be granted access to blockchain and encrypted wallets? Exchange control, Tax Act, and other regulatory restrictions to consider. Competencies developed        Able to understand the considerations for estate planning in the modern world. Knowledgeable about taxation of blockchain “assets,” crypto assets, and other modern assets. Able to advise clients on the exchange control considerations, i.e., acquiring, trading, and inheriting foreign assets including crypto assets, NFTs and Kitties.

Overview This module will unpack the pertinent estate planning considerations to ensure adequate planning for crypto assets, including crypto currencies, non-fungible tokens (NFTs), Kitties and several other forms of crypto assets. The webina r will also provide guidance and considerations for drafting the last will or testament. The following points will be unpacked  How to deal with the crypto assets, not knowing the nature of the assets to be held on the date of death. May the executor gain or be granted access to blockchain and encrypted wallets? Exchange control, Tax Act, and other regulatory restrictions to consider. Competencies developed        Able to understand the considerations for estate planning in the modern world. Knowledgeable about taxation of blockchain “assets,” crypto assets, and other modern assets. Able to advise clients on the exchange control considerations, i.e., acquiring, trading, and inheriting foreign assets including crypto assets, NFTs and Kitties.